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at the end of the day. when the economy is much less strong as is the case today, they don't do that. they have no need to do that. there is nothing more potent as a driver of education for those with less skill than a taught labor market and the need to hire. i would suggest to you that those who assert that slow growth and stimulus and what happens in the short run is the short run issue, what is most important is the concept of long run fundamentalss this the crucial point -- miss the crucial point. we are by allowing the economy remains stagnant committing grievous structural sins. we are squandering human capital as people withdraw from the labour force. we are missing opportunities for employment and training for workers in their most formative years. we are running an active set of measures that discourage investment in finding the most disadvantaged workers and we are providing limitations on the incentive to invests in research and development as a product of tomorrow. how then to think about our current situation and the strategy for moving forward? it is i think right to s
in infrastructure, if we level the playing field, we will grow the economy. frankly, we have a ball and chain. it is congress. congress is holding us back. we need to change congress in two ways. we people who are more fiscally responsible. when the people who know the basics of how to work together. you will hear these things a lot tonight in my comments. i was the governor who drew top tax fraud. i had to cut $5 billion from the state budget, including my own salary. i'm the only governor in modern times who left the office with a smaller general fund budget and when i started. i know how to be fiscally responsible. my opponent when into the united states senate in 2001 with the biggest surplus in the united states and six years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighti
to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> eliot: not if you're mitt romney. the g.o.p. contender talked down the jobs numbers and the economy at an abingdon, virginia, rally. >> romney: there were fewer new jobs created this month than last month. the unemployment rate as you noted this year has come down very, very slowly. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> eliot: mitt just can't stand good news on the economy, and neither can his friends on the right, including knocks fuss anchor stuart varney who suspect politics were behind the jobs numbers. >> oh how convenient that the rate dropped below 8% for the in 43 months five weeks before the election. >> eliot: unbelievable jobs numbers, these guys will do anything. can't debate so change numbers. tweeting in regards to today's jobs report, i agree with jack welch, chicago style politics is at work here. more about jack welch and g.e. and accurate numb
. vegas casino developer, steve wynn taking a stab at the president over jobs and the economy. listen to the knockout punch. >> i have created about 250,000 direct special indirect jobs, according to the state of nevada's measurement. that's exactly -- if the number's 250,000, that's exactly 250,000 more than this president, who i will be damned if i want to have him lecture me about small business and jobs. guys like me are job createsors and woe don't like a bull's-eye on our back. the president's trying to put himself gone me and my employees by class warfare, depriicating and calling a group that makes money, billionaires and millionaire who is don't pay their share. i gave 120% of my salary and bonus last year to charities, as i do most years. i can't stand the ideas of being demagogued, put down by a president who has never created any jobs and doesn't understand how the economy works. >> greta: does steve wynn have a point? overstock.com patrick burn is here. good evening. >> gret agrat to be on,. >> greta: overstock.com has over 100,000 employees. you are a large employers. i
it a cliff but you should have spasms a year ender that could take the whole economy under when all the bush tax cuts phase out and all the automatic spending cuts kick in, a one-two punch that the most optimistic economies say will not the recovery for a loop, millions of americans likely to lose their jobs and millions of american families likely to face thousands more in taxes. "new york times" says the cliff could be more like a slope. if congress doesn't move fast, kick the recovery or maybe the country goodbye. it is the story that no one is talking about. you have mentioned it, but we are looking at the abyss and no one is touching it. >>guest: what is amazing to me, this is the most predictable, avoidable financial crisis we have ever had in the history of this country. you are so right, if the bush tax cuts expire and all the automatic spending cuts go into play, meaning the himmation -- elimination of the a.t.m. affecting 30 million people, the tax holidays goes around, unemployment benefits go away, it will are horrendous, 14 of 17 economists now say it will put us in a recession
that the economy is a top issue, you run into a risk of focusing on too many items as opposed to jobs and economic issues. host: there will also be a foreign policy debate coming up on october 22. is this a sort of preview of that debate? will this be a preview for the obama camp to see what they will be talking about, coming up? caller: it will be a chance for governor romney to do a preview, yes. the thing that i think occurred many times before, romney camp -- came out and named a lot of these things fairly forcefully. from what we saw yesterday, this will be an even stronger reputation of his view on those issues. getting out on the campaign trail at these paul ryan events, particularly when it comes to the issue of things like foreign aid and how this country deals with the resources when it comes to other places, we do not exactly see that relationship being reciprocal. it is something that has gotten a surprising amount of attention on the trail over the last few weeks. it could be an area where the mitt romney campaign is looking forward as they decided to hold this speech. host: one piece
economy will slow oil demand growth and more oil put into the economy. nevertheless, nymex is up because they talk about as well this morning spiking higher anyway. and we've seen brent surprisingly up near 116, 15.60, as well. so the iranian exports hitting a new low in september may just be helping that spike up. >> iea says supply risk whether iran, iraq, are still a fact of life in the oil market. nevertheless it does see opec spare capacity more than doubling in the next five years. >> there's a difference between that five year forecast and the short term. so we'll talk about the oil markets. also plenty more to come on today's show, as well. >> we'll find out why howard mark says gold is not an intelligent investment. we'll also hear from the chief exec tip of infosys. find out why the investors didn't like the latest results. >>> plus we'll catch up with the world trade organization. and later in the show, we let a democrat and republican fight it out on our air over who won last neat's vice presidential debate. but it's a subjective view. >> can we get that the testimony thinks
children. what i want to think about is a future that has jobs. >> the ad goes on to say the economy is important to women. >> a victory for the obama campaign on early voting in ohio. a federal appeals court in the buckeye state just reinstated early voting on the three final days before election day. the ruling means that people in the key battle ground state can continue to cast their ballots. depending on the decision of the local border of elections that is. the obama camp filed that lawsuit arguing that everyone should have a chance to vote on those days. >> and the early voting is now under way in florida. absentee ballots are in the mail. yesterday miami-dade county mailed out 170,000 ballots. officials say voting by mail has exploded. in fact more than half of voters cast their ballots by mail or during early voting in the last general election. >>> in today's strategy talk, september jobs report came out just in the nick of time for president obama after this week's tough debate performance. but the honeymoon only lasted five minutes before a tweet by former g.e. ceo jack w
's policies would hurt farmers. the governor talks about his five-point plan to fix the economy, something he says will help everyone from farmers to small businesses. >> i'll make sure our tax policies and our regulatory policies and healthcare, all these things come together to make it easier for small business to grow and thrive. america needs this new direction. we can't go on the path we've been on. we must restore america's strength and i will do it with your help. >> the obama campaign leveling a new attack at governor romney today over his plans to cut spending, specifically cut funding for pbs that would affect big bird. they have a new ad about it on today. >> bernie madoff, gut tons of greed and the evil genius to towered over him. one man has the guts to speak his name. >> big bird, big bird, big bird. >> it's me big bird. >> big yellow, a men as to our economy. mitt romney knows it's not wall street you have to worry about, it's sesame street. >> reporter: the republican national committee coming out with its own response, this graphic advertisement that quotes the count from ses
get this balanced budget. we must get this debt under control. this debt not only hurts our economy today with the threat of higher interest rates and a losing a dollar and much higher tax rates. we know that we are giving the students here at this academy, our children and grandchildren, a lower standard of living. we've never done that in this country before. host: vice-presidential candidate paul ryan in new hampshire at a recent event. here's what you might hear from the vice-president joe biden at tonight's debate. this is from a recent campaign stop in florida. [video clip] >> there is no quit in america, folks. ladies and gentlemen, that's why i know i'm not the only one who was offended to hear governor romney write off nearly half the country is in his statement about 47% of the people being dependent. if you read the book congressman ryan has written with two other leading young members of the republican party, they talk about -- the title of the book is "young guns," and they talk about this culture of dependency in america without acknowledging that all those people -- o
to "washington journal." as campaign 2012 hits its final month, the presidential candidates are using the economy to frame their vision for the future and what they would do for the american dream. we saw a jobs numbers that showed an unproven unemployment rate. we would like to hear your opinions. has the american dream been downsized? you can also share your opinion on social media. send us a tweet by writing @cspanwj. you can also join the conversation on facebook. or you can e-mail us. the front page of "the washington post"looks out with the call life of a salesman. he always finds to -- he always seems to find optimism in the worst of circumstances. here is another chance. the story profiles this man building and installing pools. how he had to downsize his business, cut employees, and work even harder to find jobs. let's take a look at the content. it says -- what do you think? has the picture of the american dream changed? national journal took a look it how americans are perceiving the economic situation right now, not just on a national level but on the personal lives, too. in a heartla
on here. >> let's look at a new mitt romney ad that is new on the jobs and economy. >> look at the evidence of the last four years. we have 23 million people out of work or who have stopped look for work. they are suffering. the president would prefer to raise taxes. the problem with raising taxes, it slows down the rate of growth. i'm not going to raise the taxes on anyone because when the economy is going slow, we are in recession, you shouldn't raise taxes on anyone. my idea is to bring down tacks to get more people working. my priority is putting people back to work in america. >> kim, is that an improvement over the other romney adds we've seen earlier? >> you beach cha. this is how it ties in taxes and jobs and the economy. that was the message that resonated when he was up there on stage with the president and the more he can spread it around the country, the better he does. >> that seems to me to be the winning strategy. particularly if you can put more explanations around the specific policies this will increase jobs. when we come back, the presidential race is tigh
. but because if you stop an economy growing, then it leaves more people out of work claiming benefits, not paying taxes. businesses struggle so they're not paying taxes. and as a result borrowing goes up. borrowing not to invest in schools, in hospitals, transport and education. but borrowing to keep people idle. so the next time you hear a conservative say to you labour would increase borrowing, just remember it is this government that is increasing borrowing this year. [applause] so what have we seen? we've seen recession, higher unemployment, higher borrowing. i don't think that's what people were promised. now look there will be some people who say, and this is an important argument, they'll be some people who say, well there is short-term pain but it is worth it for the long-term gain. but i'm afraid the opposite is true. you see that the longer you have low growth in our country the bigger the debt hole becomes for the future and the bigger our problems will be in the future. the longer a young person is out of work that is not just bad for their prospects now; it is bad for the
economy under when all the bush tax cuts phase out and all the automatic spending cuts kick lo millions of americans likely to lose their jobs and millions of american families likely to face thousands more in cobere l a slope. if congress doesn't move fast, kick the recovery or maybe the country goodbye it is the story that no one is talking about. you have mentioned it, but w linat tss ao ich it. >>guest: what is amazing to me, this is the most predictable, avoidable financial crisis we have ever had in the history of this country. you are so right, if the bush tax cu eirendhe mapng cgo i ,megma -- elimination of the a.t.m. affecting 30 million people, the tax holidays goes around, unemployment benits go away, usecon if "newrrendous, 7 york times" thinks this is going to be a slope, they are dreaming. that money will come out of their checks the first of the year. we will see a slow down. i suspect we are not onlyoin aip a rssnyo yo cit honeywell or j.p. morgan, everyone can see it. >>neil: i am listening to james dime from j.p. morgan setting aside $200illion plus lls par t ssitisome
for hundreds of jobs. i just got a job so i believe the economy is getting better. host: you start a job on monday? what kind of industry? caller: it will be in health care. host: what does that mean? caller: where they deliver medical supplies and you take them to the hospital for distribution and delivery. host: what kind of money we make now compared to what you made in the past? caller: is not a pay cut but it is safe -- it is not a big pay cut, but it is a pay cut. host: so it's full-time work? caller: yes. host: what are the benefits like? caller: decent. host: you start monday -- john, tallahassee, florida is up next, hello. caller: hello, how are you doing? host: fine, thank you. caller: when you take all the jobs overseas, we cannot go overseas and work. that means someone will be unemployed. i think we need to make a demand of the entire planet and work towards creating the supply. i also think they should focus more on helping the small businesses -- financing small businesses which is creating more jobs than big business. i also would like to say that there is a lot of repeti
. on the economy, biden unloaded, attacking mitt romney where president obama had not, on that video tape where romney called 47% of the american people victims who won't take responsibility for their lives. >> these people are my mom and dad, the people i grew up with. my neighbors. they pay more effective tax than governor romney pays on his federal income tax. >> reporter: ryan got personal. >> joe and i are from similar towns. he's from pennsylvania, i'm from wisconsin. you know what the unemployment rate in scranton is today? >> i sure do. >> it's 10%. >> yeah. >> you know what it was the day you guys came in? 8.5%. that's how it's going all around america. >> reporter: for a vice presidential debate, the stakes were high tonight. after mitt romney's big win in denver and president obama's no-show performance there, biden needed to stop the bleeding. ryan was going for the jugular, seeking to build the momentum republicans are feeling. >> the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out, middle class. the tax bill is c
for a fo questions. the economy -- few questions, the economy, $16 i(kñtrillion deficit. 2r @&c% tár'g a mess. s iy]lj what is your solution to this? wof eaq most x?c7ñpoliticians and voter to the problem. 9odaho:cazyñb promise more government. 2012 what we í > is less government. if you want to address the debt and stww/.Ñ less government goispending. address unemployment, we need less government interference with the economy. we need less government manipulation, banking and housing sectors that made the interest rates mdogñ$'&b7>q. housing sjxsna1prices cbequall >> one ú9tz lch ~;jvñeducation is always going Òhas hard. to different things. we need a diversity of approaches in the education, if last thing we should do Ñ"o nationalize education from a department out of washington. one size doesn't fit all in education. washington doesn't know best. we should get rid of federal education department and not because it's too expensive because we care so much and we are paying right now to harm our children, we should stop. >> afghanistan, do you see an end in sight? >>
into the minds of american voters how he would handle women's health issues, the economy. i couldn't say how he would pay for the $5 trillion tax cut the republicans put forward for the wealthiest americans. one of your panelists said if you read through the transcript on issue after issue, you saw vice president biden have command of the issue. you saw an empty suit when it came to paul ryan. >> let me ask about one example where there seems to be some consensus joe biden made a misstep. it was the question about libya last night. take a listen. >> we weren't told they wanted more security. we did not know they wanted more security again. by the way, at the time, we were told exactly, we said exactly what the intelligence community told us, that they knew. >> the romney campaign released this statement saying biden wrongly stated that the administration was not aware of requests for more security from our diplomatic facilities in libya, but we now know from the sworn testimony of two u.s. security officials who were stationed in libya, that there were repeated requests for more security in the
not defend his record. he offered no new ideas for how to fix the economy. i welcome the chance to share my vision for renewed prosperity and opportunity and i think it compared quite favorably to president obama's policy for big, trickle-down government. >> this past hour, mitt romney's son, josh, met with reporters in the swing state of virginia. it's part of a day-long effort the campaign is calling super saturday, with volunteers going door to door in battleground states. president obama has no public events today. he will head to california tomorrow, where he is expected to tout the new jobs number, 7.8%, and some big fund-raising numbers out today. president obama and the democrats raised $181 million in september, the highest single-month total so far. more on all these stories throughout the next two hours. >>> the campaign focus shifts a bit next week to the vice presidential nominees. paul ryan and joe biden will face off in their only debate next thursday night. paul ryan has just left his four-day debate camp. he is heading back to wisconsin for a fund-raiser tonight. and as for
what they feel about the economy already. they're living it every day. so because there's a headline that says 7.8, it's a talking point, but they already know what their friends and neighbors are doing. >> when do we find out how romney is fun raising compared to that 180 million or whatever? >> i think if it was so par with obama's, we would have heard already. i think it's probably behind. >> you don't hear that that's unbecoming to have so much money to spend. just don't hear -- it's alway s the republicans. >> it's not decided by money. nice to have, but there is saturation information for the small number of swing voters. and even if obama beat romney by 20, 30 million, that won't make the difference. obama will have to improve his performance in the debates. >> a gallup poll has romney and obama tied at 47% each. >> that's early for gallup. >> right here. >> their daily track comes out at 1:00, but this could be a different mole. i'm not aware of this new poll. >> this is one they took afterwards. it's just -- >> i'm hearing about it for the first time. >> i think it just hit
-you to a keen observer on washington politics and the economy, as well who as a great moderator. and thank you to our panelists. we really appreciate you all being here. i would also like to again thank our sponsors at bloomberg government, the roth political report -- and a reminder that if you enjoyed today, we do this for state of the industry conferences. a reminder -- in four weeks, election day will be held. a couple of days afterward, we will have a major event at the chamber, on the morning of november 8. we hope you will mark our -- mark your calendars and join us. thank you very much, and have a great day. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> both presidential candidates are in ohio, with rallies this afternoon. mitt romney is a kind of false -- is at the falls. the president fifth event at ohio state university will start shortly. meanwhile, a discussion of how the presidential race shapes up. >> we will be getting electoral scoreboard updates from a lot of publications. today, we feature "the
and the greatest peacetime expansion of our economy in the nation's history. by contrast, the decade checked by bush tax rates squandered our budget surpluses, produced net-jobs and culminated in the great recession. the lesson here is that the contrary -- is that contrary to supply ciders, the level of the top rate does not by itself dictate what happens to g.d.p. but a balanced budget aided by increased revenues just might restore confidence to investors and jump start our economy. for the third and final element of this tax reform model, we turn to investment income. it is time to reduce the sizable differential and the tax treatment of earned and unearned income. the reduction in the capital gains rate to 15% under president bush was a major contributor to the growth and wealth disparities we see today. the top 1% on average received 20% of incoming capital gains, 10 times as much as the rest of the country. capital gains makes up 60% of the income recorded by the forbes 400. the extremely low 50% rate in effect today is an allied air. it is the lowest rate on investment income since the
into the economy. about $150 a week more for white womenton average, for women of color somewhere between $250 and $350. and it would be injected into the economy. we are going to spend it and it is going to create jobs. so wherever we look, i think we see what's at stake because, of course, the folks that would have to pay that equal pay don't want to pay it. women are in the world at large are the single greatest source of cheap labor and unpaid labor and that is a source of rstens, right. and we are also the means of reproduction. hello, if we were not the means of reproduction, we would be fine because it is necessary to nationalism, there are only two pill lars of nationalism, controlling territory and population. it is necessary for our means and cheap labor, it is necessary to control reproduction in order to perp wait racial divisions and class divisions and eth nick divisions. you have to isolate the support women so they maintain the purity of some group and exploit the women who are supposedly not the support women in order to create cheap labor. i'm sure that we were all having hea
this administration-- >> let me tell you what the itoll as, the ayatollah sees his economy being crippled. the ayatollah sees there are 50% fewer exports of oil. he sees the currency going into the tank. he sees the economy going in a free-fall, and he sees the world for the first time totally united in opposition to him getting a nuclear weapon. now with regard to bb he's been my friend for 39 years. the president has met with bb as much as he's spoken to anybody. just before he went to the u.n. i was in a conference call with the president-- with him talking to bb for well over an hour. and-- and-- in stark relieve, in detail of what was going on. this is a bunch of stuff. look, here's the deal-- >> what does that mean it's of a bunch of stuff. >> it's irish. >> it is. we irish call it malarkey. >> thanks for the translation. >> the irish call it malarkey. last thing, the secretary of defense has made it absolutely clear-- he didn't walk anything back. we will not allow the iranians to get a nuclear weapon. what bb held up there was when they get to the point where they can enrich urani
they provided points and issues on zingers and economy and debate decorum. >> mr. vice president, i know you're under a lot of duress to make up for lost ground but i think people would be better served if we don't keep interrupting each other. >> with regard to social security, we will not, we will not privatize it. if we listened to governor romney and congressman during the bush years, man where all those seniors would be now if there money had been in the market. their ideas are old and their ideas are bad and they eliminate the guaranty of medicare. >> here he is the problem. they got caught with their hands in the cookie jar turning medicare into a piggybank for obamacare. >> usually when there is a crisis we pull together. we pull together as a nation. as i said, even before we knew what happened to the ambassador the governor was holding a press conference, was holding a press conference. that is not presidential leadership. >> this is becoming more troubling by the day. they first blamed a youtube video. now trying to blame the rome rom ticket for making this an issue. with you shou
. he was quoted as saying that he thought the economy was performing at near full potential. now, first of all, when we decide that 1.5% growth is near full potential, we are in terrible trouble. and i would say geithner suffers from an amazing lack of ambition for this economy. i actually think that's what's wrong with the entire obama administration, they have a lack of ambition for this country and what it can and should do. but i would also say if he believes that, that tim geithner believes that a public sector job is equivalent to a private sector job. it's not that public sector jobs aren't important. teachers are important, firemen are important, nurses are important. but a public sector job doesn't pay for itself. taxpayers pay for it. a public sector job doesn't create other jobs. a private sector job pays for itself and creates other jobs. i frankly found his statement shocking. both because of its lack of ambition and because of its misunderstanding of what actually drives growth. it's not public sector jobs. >> let me ask you this, under reagan's recovery, were we laying of
to the economy. people in youngstown, ohio have stores boarded up because the economy is not doing well. it is not only the old industries, it is also the new ones. and the san jose, calif. they are complaining because they cannot export their high-tech quality to japan and other countries. people in the northwest are complaining about what is happening to the timber industry and the agricultural industry. things are not as great as the administration wants you to believe in their television commercials. my feeling quite frankly is that i have enough experience to see the problems, address them, and make the tough decisions with reference to the problem. >> despite the historic aspects of your candidacy, how do you account for the fact that the majority of women favor the reagan-bus ticket? >> i did not. let me say, i am not a believer in polls. let me say further, what we are talking about our problems that are facing the entire nation. they're not just problems facing women. the issues again for the campaign are the war-peace issues, the problem with deficits. we are facing $120 billi
, spend. it's good for the economy. if you love it, that's all that matters. thank you for joining. everybody, "ac 360" starts now. >>> good evening, everyone. we begin tonight with breaking news. late polling that reads like a battle damage assessment from last week's presidential debate, both nationally and in one battleground state it shows a big swing toward mitt romney. take a look. late this afternoon, there was this latest national pew research poll. governor romney now holding a four point lead among likely voters surveyed october 4th through the 7th, after the debate. that's a b swing from mid-september when president obama was ahead by eight. that was this afternoon. just a short time ago, a poll running in the detroit free press shows the president's lead shrinking to just three points in michigan. mr. obama had a ten point lead there last month. mitt romney's running mate, paul ryan, is in michigan tonight addressing a rally at oakland university in the town of rochester just outside detroit. the question tonight, if the mood of voters is changing here, could it also be
immediately if he is reelected? >> well, the fact of the matter is people are really nervous about the economy. and there is just no confidence in the obama and the administration to create jobs. they haven't been able to do it in the past four years. and people are nervous about their economic security. and ultimately, that's going to cost the administration of virginia. i know it's going to cost him the election in prince william county and the other key suburb areas outside of washington. >> you know, i'm glad you mentioned that. because a lot of folks who aren't familiar with the geography of virginia, essentially, you've got two virginias. you've got fairfax county, you've got arlington, you've got alexandria, and then you've got the rest of virginia. what a lot of folks like to call the real virginia with the exception of richmond, with the exception of norfolk. how are those two areas, brian, how are they distinctly different? >> well, i'm in hampton roads today. we're registers voters with visiting college campuses throughout the weekend because our voter registration deadline is close
of everything, and agriculture, oil and gas, natural resources. our recreation economy is $3 billion a year in this state to make sure we have opportunities for recreation out there. do not tell me it can be just one industry. it has to be a bunch of industries out there. >> thank you. we have run out of time for questions. and we will give each candidate to minutes for closing statements about their campaign to be montana's representatives in the u.s. senate. senator tester will go first, followed by rep river. >> i want to thank everybody in the audience and on the panel and everyone who is listening tonight. how many people in this audience are from the silly -- the city of billings. raise your hand. thank you very much. congressman rewhberg is suing each and everyone of you. i have talked about montana and people working together. the first thing you do when you've got a grass fire, the firefighters put it out and they put their but on their line and you do not respond and say thank you by filing a lawsuit, which is exactly what he did. that is not moving the committee forward. it has b
're not getting that. look, we can grow this economy faster. that's what our five-point plan for a stronger middle class is all about. it's about getting 12 million jobs, higher take home pay, getting people out of poverty into the middle class. that means going with proven pro-growth policies that we know work to get people back to work. putting ideas on the table, working with democrats, that actually works sometimes. and then -- >> vice president, could we get to that issue of what you could bring as a man, human being? i'm really going to keep you to about 15 seconds here. >> he gets 40? i get 15. >> he didn't have 40. >> let me tell you, my record stands for itself. i never say anything i don't mean. everybody knows whatever i say i do. and my whole life has been devoted to leveling the playing field for middle class people. giving them an even break. treating main street and wall street the same. holding them to the same responsibility. look at my record. it's been all about the middle class. they're the people who grow this country. we think we grow the country the middle out, not from the
roadmap starts off in china. a lower economic forecast from the world bank? is their economy getting even worse? >> earnings season here begins tomorrow with alcoa, costco, jpmorgan highlighting the week. we'll tell you why alccoa is a tell on how earnings will go. >> more worries for apple investors. reported work stoppages at foxconn. the stock now below the 50-day moving average. >> and huawei is sparking new concerns about cyber security. >> we begin with markets around the globe under pressure on global slowdown worries. 7.7% growth in china down from a previous forecast of 8.2%. the world bank citing weak global demand due to the european crisis and a slow u.s. recovery. data from europe showing industrial output in germany fell .5% in august. lots to digest. the world bank note was interesting. what they pointed out was a lot of chinese cities that had these aggressive and ambitious spending, stimulus plans to rebuild the cities might have trouble running into funding for these projects. >> i think a lot of the data that we see today is catch-up. there's just not a lot of good news
, wouldn't it be nice to have a job creator in the white house? the choice is clear. a stagnant economy that promotes more government dependency, or a dynamic growing economy that promotes opportunity and jobs? mitt romney and i will not duck the tough issues. and we will not blame others for the next four years. we will take responsibility and we will not try to replace our founding principles. we will reapply our founding princip principles. the choice is clear. and the choice rests with you. and we ask you for your vote. thank you. >> and thank you, both, again. thank you very much. this concludes the vice presidential debate. please tune in next tuesday for the second presidential debate at hofstra university in new york. i'm martha raddatz of abc news. i do hope all of you go to the polls. have a good evening. >> that was 90 minutes that felt like it was about nine minutes. a fast-moving intensely combative debate for the vice presidential debate this year, focused on complex substantial issues of foreign policy as much as it focused on economic and social issues, obviously they di
economy. a .3% drop from last month. mitt romney, meanwhile, downplaying it. >> we learned the unemployment rate is now at its lowest level since i took office. more americans are entering the work force. more americans are getting jobs. too many of our friends and neighbors are still looking for work or struggling to pay the bills. many of them since long before the crisis hit. we owe it to them to keep moving forward. we've come too far to turn back now. >> you realize the number of people in america, the participation of our adults in the work force were the same as when we got elected our unemployment rate would be about 11%. people in this country are having a hard time finding a job. people in this country are having a hard time making ends meet even if they do have a job. >> the 7.8% figure is the lowest since the president took office and total employment increased 873,000, that is the biggest jump in a monthly number since june of 1983. the numbers bolster president obama's re-election argument and potentially blunts momentum earned by mr. romney in wednesday's deb
given the economy -- >> that's not even what i'm getting at. >> people feel fundamentally better about the state of the economy. >> did i say i love jack welch? >> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very, very high, but those people are still looking. >> the u-6 number for those cognizant. >> coming up -- >> you're right. republicans are in the dumps. you're right. >> no, they're trying to pretend the numbers that they depend on when they're good in their camp. >> you can't have it all. >> are skewed. >> i don't know. if it continues this way, i think republicans can have it all. >> they're not. not going to have it all. >> coming up -- i'm so
of improvement on the economy, closing the gap in most polls. but i want to show you a number. the pew poll shows that 54% of registered voters agree with the phrase doubt that obama knows how to turn the economy around. what do you make of that? >> that's been consistent, and it's been mitt romney's hope. his an state of the economy and whether the president is partially or enough to blame for the bad economy, he's going to lose. that's why you see the president has been launching all the attacks against bain and all the other things he's been doing. so that's been the weakness and the numbers, too, that i'm looking for on the inside the polls are mitt romney's attributes and his ratings among independents because forget whether the polls are skewed for ds or rs, as long as mitt romney keeps winning independents, chances are mitt romney's going to win. in this pew poll, he won independents today, having nothing to do with whether it's skewed one party or the other. that's something to keep your eye on. romney's favorability is moving up, obama's are moving down. mitt romney's winning independen
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